Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 24,300 shares, a drop of 64.5% from the March 15th total of 68,500 shares. Based on an average daily trading volume, of 374,300 shares, the short-interest ratio is presently 0.1 days.
Nuveen Municipal Value Fund Stock Performance
Shares of NUV traded up $0.03 during midday trading on Thursday, hitting $8.53. The company had a trading volume of 236,358 shares, compared to its average volume of 424,075. Nuveen Municipal Value Fund has a 1 year low of $7.86 and a 1 year high of $9.08. The company's 50-day simple moving average is $8.71 and its 200-day simple moving average is $8.51.
Nuveen Municipal Value Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.029 per share. The ex-dividend date is Friday, April 12th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.08%.
Institutional Trading of Nuveen Municipal Value Fund
Institutional investors have recently bought and sold shares of the business. Baystate Wealth Management LLC acquired a new stake in Nuveen Municipal Value Fund during the second quarter worth approximately $26,000. Citigroup Inc. lifted its position in Nuveen Municipal Value Fund by 98.7% in the first quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund's stock valued at $29,000 after acquiring an additional 1,481 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Nuveen Municipal Value Fund in the first quarter valued at $33,000. Larson Financial Group LLC acquired a new position in Nuveen Municipal Value Fund in the third quarter valued at $35,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Nuveen Municipal Value Fund during the fourth quarter worth about $35,000. 22.50% of the stock is owned by hedge funds and other institutional investors.
About Nuveen Municipal Value Fund
(
Get Free Report)
Nuveen Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.
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